DGAP-News: ELMOS Semiconductor AG: Sales increase by 11.0% in the first quarter of 2011
(firmenpresse) - DGAP-News: ELMOS Semiconductor AG / Key word(s): Quarter Results
ELMOS Semiconductor AG: Sales increase by 11.0% in the first quarter
of 2011
10.05.2011 / 19:30
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Earnings considerably improved - forecast affirmed
Dortmund, May 10, 2011: ELMOS Semiconductor AG (FSE: ELG) increased sales
in the first quarter of 2011 by 11.0% compared to the prior-year period to
48.1 million Euro (Q1 2010: 43.4 million Euro). The gross profit rose to
20.8 million Euro (Q1 2010: 18.1 million Euro). This equals a gross margin
of 43.3% (Q1 2010: 41.7%). Research and development expenses were raised
considerably as scheduled and came to 8.2 million Euro, in comparison to
7.1 million Euro in the prior-year period. Earnings before interest and
taxes (EBIT) climbed disproportionately to sales by 67.9% to 5.8 million
Euro (Q1 2010: 3.5 million Euro) and the net income also showed a strong
increase, by 54.8% compared to the prior-year period, to reach 4.1 million
Euro (Q1 2010: 2.6 million Euro), equivalent to earnings per share of 0.21
Euro (Q1 2010: 0.14 Euro).
The cash flow had a positive development altogether as well. The operating
cash flow amounted to 7.9 million Euro in the first quarter of 2011 (Q1
2010: 10.3 million Euro). The adjusted free cash flow (cash flow from
operating activities plus investments in marketable securities less capital
expenditures) reached 6.1 million Euro (Q1 2010: 8.2 million Euro).
Prior-year figures include the special packaging business sold as of
December 31, 2010.
'ELMOS has strengthened its position in Asia with new locations in growth
markets. In addition, we managed to expand our development expertise with
new design teams,' says Dr. Anton Mindl, CEO of ELMOS Semiconductor AG.
The forecast of March 2011 is affirmed. No noteworthy effects of the
catastrophe in Japan are foreseeable at present. Based on a stable economy,
ELMOS continues to expect sales between 190 and 200 million Euro for 2011.
The EBIT margin of 2011 will reach or slightly exceed the 2010 level.
The complete 3-month report is available in English and German at
www.elmos.de. On May 11, 2011 at 11.00 a.m. (CEST), ELMOS will hold a
conference call (in English) for analysts and investors. The conference
call will later be downloadable from the company's website.
Overview of financial figures according to IFRS (in million Euro or percent
unless otherwise indicated; financial figures of Q1 2010 include the
results of the special packaging business sold as of December 31, 2010):
Q1/11 Q1/10 Diff.
Sales 48.1 43.4 11.0%
Gross profit 20.8 18.1 15.2%
Operating income 5.0 3.8 33.5%
EBIT 5.8 3.5 67.9%
Net income after non-controlling interests 4.1 2.6 54.8%
Earnings per share in Euro (basic) 0.21 0.14 55.8%
ELMOS Semiconductor AG is a developer and manufacturer of system solutions
on semiconductor basis. For more than 25 years, our chips have made
vehicles as well as industrial and consumer goods more performance and
power efficient.
Contact: ELMOS Semiconductor AG, Janina Rosenbaum, Heinrich-Hertz-Str. 1,
44227 Dortmund, Phone: 0231-7549-0, Extension: -287, Fax: 0231-7549-548,
info(at)elmos.de, www.elmos.de
End of Corporate News
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Language: English
Company: ELMOS Semiconductor AG
Heinrich-Hertz-Str. 1
44227 Dortmund
Deutschland
Phone: +49 (0)231 7549-575
Fax: +49 (0)231 7549-548
E-mail: invest(at)elmos.de
Internet: http://www.elmos.de
ISIN: DE0005677108
WKN: 567710
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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123925 10.05.2011
Datum: 10.05.2011 - 19:30 Uhr
Sprache: Deutsch
News-ID 34014
Anzahl Zeichen: 0
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Kategorie:
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